Profits over people and rhetoric over substance - Underwriting Assistant Swiss Re Employee Review

1.0
31 July 2025
Recommend
CEO approval
Business outlook

Pros

The company has given away the things that made it a net positive to work for. The only thing I can think of at this point is if you survive without being laid off long enough to be fully vested the 401K match is nice.

Cons

Every 3-5 years a new round of company leaders will recycle old ideas to save profits like offshoring positions or laying off people who have been there for decades. You won't get clear communication from leadership, and any social initiatives pushed by the company were dropped the second they became inconvenient. They don't stand for anything, and it's become obvious that you don't want to be a senior leader as they are routinely dropped the second they need to save some money. Advancing to a C band or higher is not safe at this company.

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Swiss Re Response
9mo
Thank you for your honest feedback which we take seriously. Please know that your comments will be shared with the appropriate teams. We understand that recent changes have caused concern, and we recognise that some decisions have impacted on our people. As we move forward our commitment is steadfast: to foster a workplace defined by integrity, transparency, and long-term growth—for both our business and our people.

Explore other reviews about Swiss Re

5.0
10 Mar 2026
Recommend
CEO approval
Business outlook

Pros

Great culture, people are helpful

Cons

Over-engineering in making decisions. Lots of hoops to jump through to get things done.

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Swiss Re Response
3w
We’re glad the culture and supportive colleagues have been meaningful in your experience. We know large organisations can sometimes feel complex, and we're constantly working to simplify decision making where possible. Thank you for your review.
2.0
30 May 2026
Recommend
CEO approval
Business outlook

Pros

1. 12% 401k match 2. Amazing co workers in the trenches but this is rapidly changing as people look for the exits.

Cons

1. Management - the new management team has a maximum personal bonus / profit only mindset. Cost cutting reigns. 2. Constant layoffs. No job is safe. 3. Company has offshored many jobs to India and is in a race to move key underwritering, engineering, claims functions to India as well. Overall, it feels more like a private equity gut job than a publicly traded company.

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